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Information systems (IS) designers from the United States, Japan, and Korea were surveyed to explore potential similarities and differences in their views on two IS risk factors, various types of IS failure and the overall failure rate on IS projects. While there were only a few differences...
Persistent link: https://www.econbiz.de/10010832655
The existence of base rate fallacy (BRF) bias is explored employing: (i) a context treatment with a narrative story applied to asset markets and (ii) an isomorphic abstract setting using balls-and-bingo cages. Probability estimates reflect a BRF bias in both treatments, but is stronger with...
Persistent link: https://www.econbiz.de/10005542761
We find clear demographic and ability effects on bidding in common value auctions: inexperienced women are much more susceptible to the winner's curse than men, controlling for SAT/ACT scores and college major; economics and business majors substantially overbid relative to other majors; and...
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We experimentally investigate the Jackson and Moselle (2002) model where legislators bargain over policy proposals and the allocation of private goods. Key comparative static predictions of the model hold with the introduction of private goods, including "strange bedfellow" coalitions. Private...
Persistent link: https://www.econbiz.de/10010735252
We explore the performance of multi-round, price-guided combinatorial auctions for a previously untested class of value profiles in which synergies arise from shared fixed costs. We find that, in many cases, a simulator that bids straightforwardly does well in predicting auction performance, but...
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